1. TASK: Insert the appropriate word in the text below:
direct costs – indirect expenses – labor costs
metric – profitability – statements
Cost of goods sold (COGS) is an important ___________________ on financial ___________________.
When subtracted from gross profit, COGS helps measure a business’ ___________________ and evaluate efficiency.
COGS refers to the ___________________ attributable to the production of the goods sold in a company. This amount includes the cost of the materials used in creating the good along with the direct ___________________ used to produce the good. It excludes ___________________, such as distribution costs and sales force costs.
2. CHECK YOUR SPEAKING
|
direct costs |
[ dɪˈrɛkt kɒsts ] |
прямі витрати |
|
indirect expenses |
[ˌɪndɪˈrɛkt ɪksˈpɛnsɪz ] |
непрямі витрати |
|
labor costs |
[ ˈleɪbə kɒsts ] |
витрати на оплату праці |
|
metric |
[ˈmɛtrɪk ] |
показник |
|
profitability |
[ˌprɒfɪtəˈbɪlɪti ] |
рентабельність |
|
statements |
[ ˈsteɪtmənts ] |
звітність |
3. SEE CORRECT ANSWER
Cost of goods sold (COGS) is an important metric on financial statements.
When subtracted from gross profit, COGS helps measure a business’ profitability and evaluate efficiency.
COGS refers to the direct costs attributable to the production of the goods sold in a company. This amount includes the cost of the materials used in creating the good along with the direct labor costs used to produce the good. It excludes indirect expenses, such as distribution costs and sales force costs.
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в підручнику “Practical Financial English”
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